GS Yuasa, Hitachi, Kobe Steel, Konami, Square Enix, Sumida: Japan Stocks
Japan’s Nikkei 225 Stock Average rose 116.59, or 1.2 percent, to 9,626.09 as of the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Consumer lenders: The number of claims for interest repayment at Takefuji Corp. (8564 JT) fell 35 percent in August from a year earlier, Takehiro Tsuda, an analyst at Citigroup Global Markets Japan Inc., wrote in a report dated yesterday. Claims at Acom Co. (8572 JT) and Promise Co. (8574 JT) also declined, according to the report.
Takefuji surged 7.5 percent to 173 yen. Acom jumped 6.7 percent to 1,322 yen. Promise climbed 6.4 percent to 661 yen. Credit Saison Co. (8253 JT) soared 7.6 percent to 1,190 yen.
GS Yuasa Corp. (6674 JT), a battery maker, climbed 3.3 percent to 619 yen. Mitsubishi Corp. (8058 JT), a trading company, rose 1.6 percent to 1,955 yen. The companies and Magna International Inc. (MG CN) may start joint European production of lithium ion batteries for electric vehicles, Nikkei English News reported, without saying how it obtained the information.
Hitachi Ltd. (6501 JT), an electrical and electronic equipment maker, climbed 3.6 percent to 378 yen. The company was raised to “buy” from “hold” at Deutsche Bank AG.
Kobe Steel Ltd. (5406 JT), a steelmaker, gained 2.6 percent to 197 yen. The company will establish a venture in China to manufacture cranes, it said on its Web site. The company plans to start production in August 2012.
Konami Corp. (9766 JT), a video-game maker, advanced 2.9 percent to 1,518 yen. The company and Viacom Inc.’s (VIA US) Harmonix studio settled a patent dispute over music-video games including “Rock Band,” according to court filings.
Nippon Sheet Glass Co. (5202 JT), a glassmaker, rose 3.8 percent to 191 yen. The company said it will buy back 980,000 preferred shares for 10.1 billion yen and cancel the shares.
Shinsho Corp. (8075 JT), a steelmaker and trader, soared 8.5 percent to 179 yen. The company increased its full-year net income forecast 15 percent to 3 billion yen ($35 million), citing recovery in demand from automakers and semiconductor makers. The company also said it will pay a midterm dividend of 2.5 yen per share.
Softbank Corp. (9984 JT) gained 2.8 percent to 2,688 yen, the highest close since November 2007. KDDI Corp. (9433 JT) rose 1.1 percent to 425,500 yen. The mobile communication services providers may be approached to invest in a NTT DoCoMo Inc. (9437 JT) unit that will build facilities for mobile broadcasting in Japan, Nikkei English News reported, citing Harunari Futatsugi, president of DoCoMo’s Multimedia Broadcasting. NTT DoCoMo increased 0.3 percent to 147,400 yen.
Square Enix Holdings Co. (9684 JT), a video-game maker, jumped 8.9 percent to 1,896 yen, rising the most since May 2009. The company said it reached an agreement with Shanda Games Ltd., a developer of online games in China, to provide exclusive rights to sell Final Fantasy XIV in mainland China.
Sumida Corp. (6817 JT), a coil maker, advanced 5.6 percent to 758 yen. The company said it opened a sales branch in Thailand and built a plant in China.
Sumitomo Corp. (8053 JT), a trading company, climbed 2.3 percent to 1,094 yen. The company will form a water purification venture in China with Beijing Capital Co. (600008 CH). The venture plans to invest 50 billion yen in three years, Sumitomo said in a release on its website. Sumitomo will hold a 40 percent stake.